Consumer Proposal

Reduce your payments without going bankrupt? Yes, it is possible! A Consumer proposal is a settlement of your debt resulting in a smaller, more manageable payment. It is tailored to the ability of an individual and means that you will only pay a portion of the debt outstanding without any ongoing interest, penalties or upfront fees.

A: There are no additional costs to you in addition to your agreed upon Proposal payments. The fees for a Consumer Proposal are legislated in the Bankruptcy & Insolvency Act. The fees are deducted from the payments you make into the Consumer Proposal.

"I came to Hardie & Kelly to find help for a solution to my financial problems; I have found the solution and people who have cared about me as a person. They have worked hard to ensure that my quality of life is back." - says Carole

Bankruptcy

Get a fresh financial start through a personal bankruptcy, which is a legal process that will eliminate most of your unsecured debt. You will receive protection from the collection action of your creditors including wage garnishments and you will not lose everything.

A: Trustee fees, filing fees, and counselling fees are regulated by the government. The Trustee is usually paid out of the funds from the liquidation of your assets. If you have no assets available, you must make a monthly payments to pay the Trustee’s fees and disbursements. In the simplest cases, and if you have not been bankrupt before, this amounts to about $1,420 plus counselling costs and GST (roughly $1,800 in total). Hardie & Kelly Inc. offers payment plans that allow you to make payments over a period of time.

"After my wife passed away, I found a place where I could be around people without having to talk to anyone: the local casino. Eventually, I started gambling - within two years I had remortgaged my house three times, and had maxed out my credit." - says Jim

Success Stories

Right now, your financial situation may seem overwhelming or even hopeless. But nothing could be further from the truth. We've helped hundreds of people in situations just like yours. Today, thanks to our services, they've rebuilt their finances - and their lives are back on track.

Jim

"After my wife passed away, I found a place where I could be around people without ha ..."

How is Debt Affecting Your Life?
A recent National survey has found that 47% of Canadians believe debt has a negative impact on their lives including sleep problems, frustration, embarrassment, relationshipRead More

Our expertise and skill in handling corporate bankruptcy is top tier, but our rates are highly competitive thanks to our boutique firm approach. We provide our very best counsel and service for each client regardless of their size.

At Hardie & Kelly, we're Calgary born and bred. Not only are we based in Calgary, but our decisions are made in Calgary in the best interest of our Calgary clients -- not a distant corporate head office.

Personal Insolvency Practice
Hardie & Kelly is a Calgary owned and operated firm offering debt solutions to individuals and businesses in the Calgary and Southern Alberta region. We have some of the most experienced people in Calgary available to offer personal ...

Marc Kelly, CPA, CIRP

Marc qualified as a Chartered Accountant in 1992 and has practiced exclusively in the insolvency field since that time providing advice and assistance to individuals and businesses experiencing financial difficulties.

Understanding your options is a powerful way to reduce your stress. Read these posts, and then call us at 403-777-9999 to discuss your options. We’re here to help.

When the Bank of Canada raises interest rates, the big banks raise their prime lending rate, which results in higher mortgage payments when you renew your mortgage and higher unsecured debt servicing costs.
A recent survey has shown that many Canadians struggle with covering their current living expenses and debtRead more